Five ways to help your kids into a home
Homeownership rates are dropping around the world and in most areas, it is getting harder and harder to buy your first home. With property prices as high as they are, many first home buyers are only able to purchase a property with help from family. In this guide, we run through 5 common ways you can support your kids onto the property ladder. Consult with your lawyer and mortgage adviser before deciding which option might be best for your situation.
How to avoid losing money when buying a home
For most of us, buying a home is the biggest purchase you will ever make in your life, by a long way. Because the average family only moves every 7-10 years, it is hard to become an expert in something you simply don't do very often. With the market changing so rapidly the learning curve can be steep. Here are the key tips I share with my clients, to help them make the best possible buying decision:
5 key features of a great investment property
Many homeowners fall into property investment, almost by accident. They end up buying the home next door when it comes on the market, or they buy a home from a family member who is looking to sell. Or sometimes, when an owner moves to a bigger home, they keep their existing property as a rental. Falling into property investment can work out just fine, but you will increase your chances of building long-term wealth with an intentional strategy backed up by a specific set of buying criteria. If you understand the ingredients that make up a great investment property, you can make smart decisions when opportunities present themselves.
How to avoid buyer's remorse when purchasing a home
Buying a home is an emotionally charged decision. First, you are trying to decide where to spend the majority of your time in the years ahead. Second, you have to beat every other buyer who wants the same home and third, you have to reach agreement with the owner on price, conditions and settlement date. During this process our competitive nature and desire to nest come to the forefront. Determined not to miss out, we focus single-mindedly on securing a home at all costs, fearing the rejection that comes with missing out. We fear that we won't find another home like this. That we'll be looking at open homes forever.
